The evolution of Ethereum, with its transition to Ethereum 2.0 (also known as Eth2 or Serenity), marks a significant milestone in the blockchain community. This upgrade aims to enhance the scalability, security, and sustainability of the network. One of the most impactful changes is the shift from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism. This article explores what this transition entails, its implications, and how it may shape the future of decentralized finance (DeFi).
Understanding Proof of Stake
Unlike Proof of Work, which requires miners...
The evolution of Ethereum, with its transition to Ethereum 2.0 (also known as Eth2 or Serenity), marks a significant milestone in the blockchain community....